Balancer’s new MetaStable Pools seek to facilitate wrapped asset swaps

Balancer’s new MetaStable Pools seek to facilitate wrapped asset swaps

The company said that they intend for these pools to increase liquidity on hard-pegged assets. AMM DeFi protocol Balancer announced Monday that it had partnered with DAO-based staking platform Lido to introduce a MetaStable Pool incentive program.MetaStable Pools are liquidity pools specifically designed to work with highly correlated (but not hard-pegged) tokens, like wrapped assets. Users will be able to create swaps between MetaStable pools and assets integrated with other liquidity pools, while benefiting from cheaper swap prices and eliminating the need for individual swap-specific....


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Aave and Balancer announce hybrid AMM liquidity pool & lending product

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Balancer launches stable pools for like-kind swaps

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Can This Project Eliminate Wrapped Tokens from the DeFi Markets?

Wrapped tokens are being widely adopted because they enable crypto traders to leverage their assets on multiple blockchains or distributed ledger technology (DLT) platforms. For instance, Wrapped Bitcoin (WBTC), which are BTC tokens that have been “wrapped” into another token format, may be used on the Ethereum blockchain to conduct transactions involving smart contracts. But it might now be possible to completely eliminate these so-called Wrapped tokens from cryptocurrency trading. With this new approach, platform developers could significantly lower the time, effort, and costs associated....

One Big Pool: Balancer’s New Version Cuts Down Transactions and Gas Fees

Version 2 of the DeFi site also has an "asset manager" where idle funds earn yield.